The EU has adopted a regulation amending the EU Benchmarks Regulation. The amendments relate primarily to: reducing the population of benchmarks within scope of the Benchmarks Regulation; introducing a new spot FX-related...more
Digitalisation and the application of key technologies, such as distributed ledger technology (DLT), are reshaping the landscape of global finance. In this report, TheCityUK has collaborated with Hogan Lovells to consider the...more
1/23/2025
/ Blockchain ,
Capital Markets ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
HM Treasury ,
Innovation ,
Regulatory Reform ,
UK
The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market infrastructures (“FMIs”) – such as central counterparties and central securities depositories. ...more
On 9 January 2025, the widely anticipated Statutory Instrument exempting cryptoasset staking from the meaning of “collective investment schemes” as defined under the Financial Services and Markets Act 2000 (FSMA 2000) was...more
1/13/2025
/ Blockchain ,
Collective Investment Schemes ,
Cryptoassets ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Regulatory Reform ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
UK
On 8 February 2023, the Bank of England published a Policy Statement on outsourcing and third party risk management in financial market infrastructures (FMIs). The Policy Statement provides feedback to three previous Bank...more
On 5 May 2020, the HM Treasury confirmed that it plans to remove the open access regime for exchange-traded derivatives (ETDs), which is currently within the UK version of the Markets in Financial Instruments Regulation (UK...more
The Financial Conduct Authority (FCA) has published a consultation paper, CP21/9, on some initial changes to its conduct and organisational requirements implementing the EU Markets in Financial Instruments Directive (MiFID...more
The European Securities and Markets Authority (ESMA) has published a public statement to clarify issues regarding the application to firms of the MiFID II requirements on the recording of telephone conversations. ESMA...more
The UK Financial Conduct Authority (FCA) has published Sector Views, its annual report examining how each financial sector is performing....more
2/18/2020
/ Consumer Financial Products ,
Consumer Insurance Products ,
Cyber Crimes ,
Data Management ,
Debt ,
Digital Services ,
E-Money ,
Economic Development ,
Emerging Markets ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Markets ,
Financial Services Industry ,
Investment Management ,
Lenders ,
Peer-to-Peer ,
Pensions ,
Regulatory Oversight ,
Regulatory Standards ,
Retail Banks ,
Retirement Plan ,
Scams ,
Small and Medium-Sized Enterprises (SMEs) ,
Trade Relations ,
UK ,
UK Brexit ,
Vulnerable Victims
Could blockchain redefine the structure of the capital markets? The venue for trading and the management of risks of trades have traditionally been the role of exchanges and market infrastructure organizations such as the...more
11/7/2017
/ Blockchain ,
Capital Markets ,
CCPs ,
CREST ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
EU Central Securities Depository Directive ,
Financial Markets ,
Popular ,
Regulatory Oversight ,
Systemic Risk Buffer ,
Trading Platforms ,
UK